12A If Employees of an Employer participating in a Section change their employment in circumstances where the Transfer of Undertakings (Protection of Employment) Regulations 1981 apply then Clauses 10B, 10C and 11A will not apply where the new employer enters into a deed with the Trustee agreeing to participate in that Section and to comply with the Pension Trust and the Rules of the Section.
If the new employer is the only Employer participating in the Section it will become the Designated Employer in lieu of the former Designated Employer and the new Employer will apply to become a member of Railtrust Holdings Limited and inform the Pensions Committee.
If there is more than one new Employer then Clause 3B(2) shall apply.